Indirect Cost - Definition

A resource or Activity cost that cannot be directly traced to a final Cost Object since no direct or repeatable cause-and-effect relationship exists. An indirect cost uses an Assignment or Allocation to transfer cost. There are two types of Indirect Costs. One are the Fixed Indirect Costs which contains activities or costs that are fixed for a particular project or company like transportation of labour to working site , building temporary roads etc. The other are Recurring Indirect Costs which contains activities that repeat for a particular company like maintenance of records or payment of salaries.

Terms near "Indirect Cost"

Industrial Production

Infection

Inflation

Initial Margin

INR

Instalment credit

Institute for Supply Management (ISM) Manufacturing Index

Institutional Investor

Interbank Rates

Interbank/Interdealer Market